✉news BusinessRetail first seen 21 h ago, last 17 h ago, peak #15
Sterling buys Safeway-anchored shopping center for $79M
Original: Sterling buys Safeway-anchored shopping center from Invesco for $79M
Sterling has purchased a Safeway-anchored shopping center from investment manager Invesco for $79 million. The deal adds a grocery-anchored retail asset to Sterling's portfolio, with Safeway continuing to serve as the anchor tenant. The transaction reflects ongoing investor interest in grocery-anchored shopping centers, which have remained among the more resilient segments of US retail real estate.
Why now: A $79 million retail property sale between two major real estate players signals continued strength in grocery-anchored shopping centers.
Evidence
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